In 2016, Happy Mahua's revenue exceeded 290 million yuan, contributing more than half of the film and television business

During the intense IPO rush, Kaixin Mahua adjusted its balance sheet and cash flow statement for 2015 and 2016.

Original title: Kaixin Mahua corrects its annual report data for the past two years and is rushing for IPO

. On May 27, Kaixin Mahua, which is rushing for IPO, issued a correction announcement for its 2015 and 2016 annual reports, and made retrospective adjustments to the affected consolidated financial statements for each period. Judging from the correction items, there are three major categories, involving remuneration accounting matters and promotion agency fees, major customers and employees.

Regarding remuneration accounting matters and promotion agency fees, Kaixin Mahua adjusted its balance sheet and cash flow statement for 2015 and 2016. In terms of total assets, a decrease of 1.08 million yuan was included, and a decrease of 690,000 yuan was included in wages payable.

What is even more strange is that there was a significant difference in the number of employees in the company in 2015. The data before correction was 152 people, including 5 doctors; the data after correction was 191 people, including only 2 doctors.

Happy Mahua is the "profit king" of the New Third Board Film and Television Company. The company's movie "Charlotte Worry" became the dark horse at the box office in 2015, with a total box office of more than 1.4 billion yuan bringing Happy Mahua in revenue of 190 million yuan. The company has more than 10 years of stage theater experience. In 2016, it performed 1628 times and launched "Shakespeare Don't Be Angry" and "QR Code Killer"; in terms of the company's film and television business, the black humorous film "Donkey Deshui" won 170 million yuan in box office, ranking among Douban's 2016 Film List was rated as the highest-rated Chinese film in 2016.

However, the company's operating income in 2016 decreased by 23.81% compared with 2015, mainly due to the fact that the 2015 movie "Charlotte Worry" contributed more revenue to the company, while the 2016 movie "Donkey Water" contributed relatively little revenue, resulting in a decrease in revenue from film, television and derivative business in 2016 by 85.61% compared with 2015. On the other hand, revenue from performances and derivatives businesses maintained growth in 2016, an increase of 42.60% compared with 2015.

Profitability status of Kaixin Mahua in the 2016 financial announcement

In addition, Kaixin Mahua began to enter the listing counseling period in January this year. However, against the background of strict investigation by relevant departments, any change in data will attract market attention and even affect the progress of the IPO.

Original text of the 2016 Kaixin Mahua Financial Announcement

Editor: jessica